Deutsche Bank (NYSE:DB) Given Underweight Rating at Morgan Stanley

Morgan Stanley restated their underweight rating on shares of Deutsche Bank (NYSE:DB) in a research note released on Thursday, The Fly reports.

Several other research analysts have also recently weighed in on DB. Barclays reissued a sell rating on shares of Deutsche Bank in a research report on Thursday. Societe Generale cut shares of Deutsche Bank from a hold rating to a sell rating in a research report on Wednesday, July 1st. Credit Suisse Group reaffirmed a sell rating on shares of Deutsche Bank in a research report on Friday, April 17th. Norddeutsche Landesbank reaffirmed a hold rating on shares of Deutsche Bank in a research report on Thursday, April 30th. Finally, ValuEngine cut shares of Deutsche Bank from a strong-buy rating to a buy rating in a research report on Friday, May 1st. Eight analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Deutsche Bank currently has a consensus rating of Hold and a consensus price target of $7.00.

Shares of DB stock traded down $0.08 on Thursday, hitting $8.92. 3,462,399 shares of the stock traded hands, compared to its average volume of 4,201,998. The firm’s 50-day moving average price is $9.57 and its two-hundred day moving average price is $8.28. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 2.46. Deutsche Bank has a twelve month low of $4.99 and a twelve month high of $11.16.

Deutsche Bank (NYSE:DB) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.13. The firm had revenue of $7 billion for the quarter. Deutsche Bank had a negative net margin of 7.49% and a negative return on equity of 3.77%. As a group, equities analysts predict that Deutsche Bank will post -0.31 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC lifted its position in shares of Deutsche Bank by 56.2% during the second quarter. Parallel Advisors LLC now owns 2,999 shares of the bank’s stock worth $28,000 after purchasing an additional 1,079 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Deutsche Bank by 5.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 29,505 shares of the bank’s stock worth $230,000 after purchasing an additional 1,495 shares in the last quarter. Sage Financial Group Inc. lifted its position in shares of Deutsche Bank by 60.5% during the first quarter. Sage Financial Group Inc. now owns 4,814 shares of the bank’s stock worth $31,000 after purchasing an additional 1,814 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Deutsche Bank by 1.3% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 228,772 shares of the bank’s stock worth $1,498,000 after purchasing an additional 3,045 shares in the last quarter. Finally, Highland Capital Management LLC increased its stake in shares of Deutsche Bank by 13.9% during the first quarter. Highland Capital Management LLC now owns 40,147 shares of the bank’s stock worth $258,000 after buying an additional 4,900 shares during the period. 24.77% of the stock is currently owned by institutional investors and hedge funds.

About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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